How a High School Graduate Can Save $20,000 (or more) Over the Next 10 Years

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This weekend, I nearly froze stiff as I watched my youngest sister-in-law graduate from high school.

Jen, my sister-in-law, is a fantastic young lady with a very likeable personality.  I told her several times this weekend how proud we are of her, but today I want to say it one more time – Jen we’re so proud of you and proud of everything you’ve accomplished.  We pray that God will be the light that guides your future choices and decisions.  If you live for Him, you’ll find everything has meaning and purpose.

There were several people who had speeches and shared their thoughts, musings, and theories about life.

But no one asked me to say anything.

So today I want to point out five posts that I wrote (a couple of years ago) specifically for young people who have just finished up high school.

This is a post with a guarantee. 

I guarantee that if you follow this advice, you’ll:

  • Have less stress than your classmates.
  • Feel more flexibility to go where God calls you.
  • Have more financial security than the Average Joe.

The strategy is simple:

Buy what you can afford when you can afford it.

Most teens who graduated this year will go out and get stuff they can’t afford and borrow money to fund their impatience.  They’ll be playing catch up for years. 

If, on the other hand, you can learn to wait, save, and buy, then I guarantee you’ll save more than $20,000 worth of interest over the next 10 years.

So, here are the five posts:

#1.  Avoid $13,160 in Interest Payments & Get a College Degree

Unfortunately, people unintentionally lie to us.  They say it can’t be done or it is impossible.

Bah humbug.

Making the choice to take as few student loans as possible is so important.

#2. Marry Someone Who Has a Clue About Money

They said we should marry for love.  And that’s true.

But marrying someone ignorantly expecting them to magically change into a responsible person is, well, irresponsible. 

Date with eyes wide open.

#3. What Every Teen Ought to Know About Part Time Work

I’ll tell you what you ought to know.

If you can cover your expenses while in college with a part time job, you may just graduate with nothing.

Sounds depressing, right?

Well those other college graduates will have $20,000 or $40,000 or even $60,000 in debt. 

#4. The Real Truth About Borrowing Money to Buy Cars

The truth is that you’ll easily spend an extra couple of grand if you decide to buy your car with money you borrow. 

That’s a lot of money.

Personally, I’ve always felt like the best approach is to sacrifice now, save now, and buy it for less in a few years.

#5. Revealed: Why You Should Rent an Apartment Till You Have at Least 20% Down

Too many people buy too much house too soon.

They think it is such a smart idea.

However, if you were to look deeper, many of those people have now missed mortgage payments and own more money on the house than it is worth.

Anyone else have any financial tips for graduating teens?


  1. Art Ford says

    Jesus says, you can’t serve both God and money. Many Christians I speak to seem to think that’s not true (although they won’t come right out and say Jesus is a wrong). What’s more we often live our lives as if we can serve both. So, who are you going to believe?

  2. says

    I wish I would’ve learned how to cook when I was a teenager.

    I would’ve saved money by not eating out, and likely would’ve ate healthier.

    I think it’s never too early to instill good nutrition habits. Your body will thank you in the long-run.

  3. says

    Nice post.
    I especially like number 2 Marry someone who has a clue about money.
    When we married 40 years ago the church gave us a pre-marital course – which included a lot of good advice, including some about finances.

    I recommend that young folks in love talk to each other about money habits and finances – sharing their info and credit scores before they tie the knot. And KEEP talking about money throughout the marriage.

    It can cause a lot of conflict if couples aren’t on the same ‘money page’.

    • says

      My wife and I also did premarital counseling. I think it was helpful for us to have some open and honest discussions about money.
      Thanks for your comment.

  4. says

    My advice would be to avoid signing up for all the stupid credit cards you’re offered while in college–no matter what the free goodies they’re giving away.

    • says

      I did that back in college. A credit card for a T-shirt. That was not one of the best decisions I ever made :(. Great tip.

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